Vocab
Define inflation.
Progressive increase in prices of goods and services int an economy. Currency buys fewer goods and services.
What is the main difference between a public sector and a private sector? Provide an example of each.
Public- Part of the economy composed of public services and public enterprises. (teachers, doctors)
Private- Part of economy owned by private groups with the main goal of profit. (Nike, HEB)
Provide and example of a country that is a MDC and a LDC.
Options
What were the two most significant resources in Africa?
Salt and gold
What are the top 5 most populated U.S. cities in order.
New York
Los Angeles
Chicago
Houston
Phoenix
What does GDP stand for and define what it is.
Gross Domestic Product
Measure of the size and health of a country’s economy over one year.
Identify and define the main four economic systems.
Traditional
Command
Market
Mixed
What are the 4 food production methods we talked about and how do they relate to a country's development.
Hunting and gathering
herding
subsistence farming
commercial farming
Describe the human geography of Africa.
Options
Who hosted the 2025 Grammys?
Trevor Noah
What does HDI stand for and what does it show?
Human Development Index.
Composite index of life expectancy, education, and income per person. Ranks countries into tiers of human development.
This sector is where diamonds go to get refined to be sold at a jewlers.
Secondary
Explain the HDI of a more developed country.
Higher life expectancy, more access to healthcare and education, higher incomes with livable wages.
Explain the significance of Timbuktu and Gao.
Trade centers turned into knowledge centers by Mansa Musa.
Who recently got traded to the Los Angeles Lakers and what team is he leaving?
Luka Doncic
Dallas Mavs
Define the European Union and explain their purpose.
A economic and political alliance that aims to maintain peace, prosperity, and stability.
List the Four Factors of Production and define each.
Land
Labor
Capital
Entrepreneurs
Explain what are some characteristics that play a role in determining whether a country is considered developed or developing?
HDI, economy, GDP, etc
Describe the role of religion during Mansa Musa's rule.
Islamic ruler who sought to educate others on the islamic faith. Went on a pilgrimage to Mecca and funded islamic libraries, universities, and mosques.
Who currently has the #1 on Billboard's Hot 100 Chart?
Travis Scott
This measures wealth inequality.
What are the four economic sectors and provide an example of each.
Primary
Secondary
Tertiary
Quaternary
What is a GINI Coefficient? What does it show?
Statistical measure of inequality in the distribution of income, wealth, or consumption within a country.
Explain 2 economic problems Africa faces today and how these problems came to be.
Colonization caused many countries in Africa to be economically underdeveloped and have no funding to develop properly.
What was the date Tiktok shut down in the U.S. and for how many hours was it inactive?
January 19th
14 hours